Monday, October 5, 2009

Mandelson: Magna CEO to visit UK this week over Vauxhall

TOKYO, Oct 5 (Reuters) - British Business Secretary Peter Mandelson said on Monday that representatives from Canadian automotive supplier Magna (MGa.TO) were due in Britain this week to discuss the future of two Vauxhall factories.

"I hope (Magna's co-CEO Siegfried Wolf) he will have recede od discussions with union leaders. They're gaze ing for hard information and strong assurance of the future viability of Vauxhall's plot ts."

General Motors [GM.UL] has agreed to sell a 55 percent shold in Opel to a group led by Canadian automotive supplier Magna (MGa.TO) with state-owned Russian bank Sberbank (SBER03.MM). [ID:nLA668553]

Opel is British carcreate r Vauxhall's parent company. (Reporting by Chang-Ran Kim)

© Thomson Reuters 2009 All correct s reserved.

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